SPEEDLINE
ActiveSPEEDLINE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €3k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 4488 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-8
Solvency75▼-21
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 2.81 in 2024; short-term debt: 37.8% and cash: 0.1% of total assets), and 49.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.4%
Return on assets
1.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
43 d early
2023
on the day
2022
59 d late
2021
75 d late
2020
31 d late
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€95k▲ 3.1%
2024 · €92k
2018: €59k
2019: €60k
2020: €60k
2021: €52k
2022: €64k
2023: €82k
2024: €92k
2018 → 2025
Total assets
€189k▲ 45.9%
2024 · €130k
2018: €171k
2019: €190k
2020: €163k
2021: €149k
2022: €114k
2023: €123k
2024: €130k
2018 → 2025
Net result
€3k▼ 68.4%
2024 · €10k
2018: €10k
2019: €327
2020: €-181
2021: €-8k
2022: €13k
2023: €19k
2024: €10k
2018 → 2025
Working capital
€55k▲ 5.3%
2024 · €52k
2018: €3k
2019: €-9k
2020: €-10k
2021: €-28k
2022: €10k
2023: €38k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€64k▲ 24.5%€82k▲ 28.1%€92k▲ 12.2%€95k▲ 3.1%
Operating result€-5k-€16k€22k▲ 34.7%€13k▼ 39.1%€5k▼ 62.1%
Net result€-8k-€13k€19k▲ 41.5%€10k▼ 43.4%€3k▼ 68.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €174k
Fixed assets
€48k▲ 52.8%
Current assets
€126k▲ 56.2%
Equity and liabilities €189k
Equity
€95k▲ 3.1%
Debt
€94k▲ 152%
The debt ratio rises from 28.7% to 49.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▼
2024 · €25k
Cash flow
€20k▼
2024 · €22k
Solvency
50.4%▼
2024 · 71.3%
Current ratio
1.77▼
2024 · 2.81
Quick ratio
1.77▼
2024 · 2.81
Debt / equity
0.99▲
2024 · 0.40
ROE
3.5%▼
2024 · 11.3%
ROA
1.8%▼
2024 · 8.1%
Interest coverage
6.50▼
2024 · 13.64
Debt
€94k▲
2024 · €37k
Debt ≤ 1 year
€72k▲
2024 · €29k
Debt > 1 year
€22k▲
2024 · €8k
Income taxes
€2k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€130k€189k▲
Formation expenses20€18k€15k▼
Fixed assets21/28€31k€48k▲
Tangible fixed assets22/27€31k€48k▲
Furniture and vehicles24€6k€5k▼
Leasing and similar rights25€15k€34k▲
Other tangible fixed assets26€11k€9k▼
Current assets29/58€81k€126k▲
Amounts receivable within one year40/41€70k€123k▲
Trade receivables40€2k€37k▲
Other amounts receivable41€67k€86k▲
Cash at bank and in hand54/58€8k€221▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€130k€189k▲
Equity10/15€92k€95k▲
Contributions10/11€25k€25k=
Reserves13€66k€69k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€9k€9k=
Distributable reserves133€55k€58k▲
Investment grants15€1k€1k▼
Amounts payable17/49€37k€94k▲
Amounts payable after more than one year17€8k€22k▲
Financial debts170/4€8k€22k▲
Amounts payable within one year42/48€29k€72k▲
Current portion of amounts payable after more than one year42€15k€20k▲
Trade debts44€6k€44k▲
Suppliers440/4€6k€44k▲
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€17k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€27k€24k▼
Operating profit (loss)9901€13k€5k▼
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€15k€6k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€10k€3k▼
Profit (loss) for the period to be appropriated9905€10k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€3k▼
Transfer to equity691/2€10k€3k▼
To other reserves6921€10k€3k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €19k ▲41.5%
Operating result €22k, net result €19k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.35
Current ratio from 0.48 to 1.35; short-term debt falls from €54k to €28k.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 1995
Ground area
1,120 m²
Building footprint
290 m²
Volume, LiDAR
1,093 m³
Parcel 13039D0181/02H002, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SPEEDLINE
since 19952.073.654.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13039D0181/02H002 | Flanders | 1,120 m² | 1 · 290 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,195. 6,321 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-08-1995
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.